Original filing (PDF)20251015163208NAL0002755187001

JOINT WELFARE FUND LOCAL UNION 164 IBEW

Name: JOINT WELFARE FUND LOCAL UNION 164 IBEW — JOINT WELFARE FUND OF LOCAL UNION 164 IBEW, Form 5500 (2024)
Creator: JOINT WELFARE FUND LOCAL UNION 164 IBEW

Form 5500

FILING_RECEIVED

JOINT WELFARE FUND OF LOCAL UNION 164 IBEW

Health & welfare plan

Signals · 3

~214 bps in Sched C feesNo recordkeeper disclosed16 service providers

Active participants

2,291

Accounts w/ balance

—

Plan assets (EOY)

$186.7M

Net assets (EOY)

$185.3M

How this plan invests

This plan

3 pooled trusts

Schedule D

430 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score (directional)

/ 100

Grade A

Top-tier plan health

Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.

Compliance & disclosures

100

Concentration risk

100

Total plan cost

Vendor stack

Participation health

100

Knocking points off

214 bps in Schedule C fees — 2043% above peer band of 10 bps.
No recordkeeper disclosed on Schedule C.

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for JOINT WELFARE FUND LOCAL UNION 164 IBEW.

Plan sponsor

Name

JOINT WELFARE FUND LOCAL UNION 164 IBEW

EIN

22-1537766

Address

425 EAGLE ROCK AVENUE · ROSELAND, NJ · 070681717

Phone

(973) 228-4200

Industry

Electrical Contractors· Constructionsee all

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

501

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-15

Welfare benefit codes

4A · Health (other than dental or vision)

4D · Dental

4E · Vision

Audit & trust (Schedule H)

Auditor

MSPC CERTIFIED PUBLIC ACCOUNTANTS &

Trustee / custodian

—

Trustee phone

—

Service providers (Schedule C)

16 rows

Other

Name	EIN	Location	Relation	Direct comp	Indirect comp
HORIZON BLUE CROSS	—	NEWARK, NJ	NONE	$1.8M	—
FABIAN & BYRN, LLC	25-1914887	—	NONE	$715K	—
CAPITAL RX INC	35-2612946	—	NONE	$586K	—
ZELIS CLAIMS INTERITY	—	BEDMINSTER, NJ	NONE	$235K	—
RAMIREZ ASSET MANAGEMENT	—	NEW YORK, NY	NONE	$155K	—
MSPC	22-2951202	CRANFORD, NJ	NONE	$137K	—
BLACKROCK	—	JERSEY CITY, NJ	NONE	$88K	—
INTERVENTION STRATEGIES	—	DELRAY BEACH, FL	NONE	$70K	—
CONGRESS ASSET MANAGEMENT COMPANY	04-2848965	BOSTON, MA	NONE	$55K	—
MILLIMAN, INC	91-0675641	—	NONE	$44K	—
ZAZZALI FAGELLA	—	NEWARK, NJ	NONE	$36K	—
SUMMIT ACTUARIAL SERVICES	77-0645890	—	NONE	$36K	—
TOBIA & LOVELACE, ESQS., LLC	—	HALEDON, NJ	NONE	$30K	—
MPC CAPITAL ADVISORS, LLC	—	NEW YORK, NY	NONE	$27K	—
WILMINGTON TRUST, NATIONAL ASSOC.	16-1486454	WILMINGTON, DE	NONE	$16K	—
THE BANK OF NEW YORK MELLON	13-5160382	—	NONE	$9K	—

Investments

422 direct securities · 3 pooled funds· $175.7M(94% of reported assets)

Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.

Uncategorized

$134.3M

422 holdings

Common Collective Trust

$41.5M

3 holdings

Investment	Type	Shares / units	Cost	Current value	% of plan
AFL-CIO SL STOCK INDEX FUND BNY MELLON · EIN 84-7064589 / PN 001	Common Collective Trust	—	$12.2M	$20.8M	11.1%
CF SL INTERNATIONAL STOCK INDEX FD BNY MELLON · EIN 25-1844930 / PN 001	Common Collective Trust	—	$9.1M	$10.9M	5.8%
CF SL SMALL CAP STOCK INDEX FUND BNY MELLON · EIN 25-6383983 / PN 001	Common Collective Trust	—	$7.1M	$9.8M	5.3%
U.S. Treasury Notes 3,965,000 2.375% 05/15/24	—	—	$3.8M	$3.8M	2.0%
U.S. Treasury Notes 3,825,000 2.875% 05/15/32	—	—	$3.5M	$3.4M	1.8%
U.S. Treasury Notes 3,605,000 2.625% 07/31/29	—	—	$3.5M	$3.3M	1.8%
U.S. Treasury Notes 3,400,000 1.375% 11/15/31	—	—	$2.7M	$2.8M	1.5%
Federated Gov't Obligations Cl Prm	—	—	$2.3M	$2.3M	1.2%
U.S. Treasury Notes 2,180,000 4.125% 08/31/30	—	—	$2.2M	$2.1M	1.1%
U.S. Treasury Notes 2,075,000 4.250% 01/31/26	—	—	$2.1M	$2.1M	1.1%
U.S. Treasury Notes 2,145,000 3.875% 08/15/33	—	—	$2.1M	$2.0M	1.1%
U.S. Treasury Notes 1,930,000 4.250% 06/30/31	—	—	$2.0M	$1.9M	1.0%
U.S. Treasury Notes 1,917,000 1.250% 11/30/26	—	—	$1.9M	$1.8M	1.0%
U.S. Treasury Notes 1,910,000 2.250% 11/15/27	—	—	$1.8M	$1.8M	1.0%
FNMA Pl #MA4378 2,101,253 2.000% 07/01/51	—	—	$2.1M	$1.6M	0.9%
U.S. Treasury Notes 1,650,000 2.625% 05/31/27	—	—	$1.6M	$1.6M	0.9%
U.S. Treasury Notes 1,355,000 3.625% 05/15/26	—	—	$1.3M	$1.3M	0.7%
FHLMC Pl #SD8178 1,373,972 2.500% 11/01/51	—	—	$1.4M	$1.1M	0.6%
FNMA Pl #CB9153 1,078,486 6.000% 09/01/54	—	—	$1.1M	$1.1M	0.6%
TD Bank Interest Bearing Checking Account	—	—	$1.1M	$1.1M	0.6%
U.S. Treasury Notes 1,087,000 2.750% 08/31/25	—	—	$1.1M	$1.1M	0.6%
U.S. Treasury Notes 1,000,000 4.250% 02/28/29	—	—	$981K	$995K	0.5%
U.S. Treasury Notes 980,000 4.625% 10/15/26	—	—	$987K	$986K	0.5%
FNMA Pl #MA4493 1,165,978 2.500% 12/01/51	—	—	$1.2M	$954K	0.5%
U.S. Treasury Bonds 1,088,000 3.625% 02/15/44	—	—	$1.2M	$918K	0.5%
U.S. Treasury Notes 1,020,000 2.875% 05/15/32	—	—	$948K	$916K	0.5%
FNMA Pl #FS2040 1,157,724 2.000% 02/01/52	—	—	$973K	$905K	0.5%
U.S. Treasury Notes 890,000 4.250% 12/31/25	—	—	$888K	$890K	0.5%
Bank of Amer V-Q 895,000 1.734% 07/22/27	—	—	$898K	$853K	0.5%
U.S. Treasury Bonds 1,377,000 3.000% 05/15/42	—	—	$1.3M	$767K	0.4%
Truist Fin Mtn V-D 750,000 5.867% 06/08/34	—	—	$736K	$764K	0.4%
FNMA Pl #MA4842 755,103 5.500% 12/01/52	—	—	$762K	$748K	0.4%
New York NY 740,000 5.267% 05/01/27	—	—	$759K	$747K	0.4%
FNMA Pl #MA4548 912,120 2.500% 02/01/52	—	—	$910K	$745K	0.4%
U.S. Treasury Notes 790,000 2.375% 05/15/29	—	—	$808K	$728K	0.4%
New Jersey Econ Dev 670,000 7.425% 02/15/29	—	—	$744K	$709K	0.4%
FHLMC Pl #SD8238 734,667 4.500% 08/01/52	—	—	$742K	$691K	0.4%
U.S. Treasury Notes 770,000 1.750% 11/15/29	—	—	$760K	$683K	0.4%
FNMA Pl #FM8988 767,921 2.000% 09/01/36	—	—	$792K	$683K	0.4%
BP Cap Mkts Amer 675,000 5.017% 11/17/27	—	—	$682K	$682K	0.4%
U.S. Treasury Bonds 1,214,000 1.875% 02/15/51	—	—	$952K	$675K	0.4%
General Motors Fin 665,000 6.100% 01/07/34	—	—	$681K	$675K	0.4%
Elevance Health Inc 665,000 5.375% 06/15/34	—	—	$675K	$659K	0.4%
Home Depot Inc 730,000 2.700% 04/15/30	—	—	$756K	$657K	0.4%
T-Mobile USA Inc 670,000 5.050% 07/15/33	—	—	$648K	$656K	0.4%
Nvidia Corp Com	—	—	$90K	$618K	0.3%
U.S. Treasury Notes 594,000 5.250% 02/15/29	—	—	$603K	$616K	0.3%
U.S. Treasury Notes 629,000 2.875% 08/15/28	—	—	$616K	$598K	0.3%
Capital One Finl V-D 580,000 5.817% 02/01/34	—	—	$564K	$583K	0.3%
U.S. Treasury Notes 630,000 4.000% 11/15/42	—	—	$651K	$567K	0.3%
Amgen 635,000 2.450% 02/21/30	—	—	$540K	$561K	0.3%
U.S. Treasury Bonds 815,000 1.875% 02/15/41	—	—	$805K	$546K	0.3%
FNMA Pl #MA5072 548,592 5.500% 07/01/53	—	—	$539K	$542K	0.3%
FNMA Pl #MA4548 663,360 2.500% 02/01/52	—	—	$587K	$542K	0.3%
U.S. Treasury Notes 550,000 4.375% 05/15/34	—	—	$564K	$542K	0.3%
Lowe's Cos Inc 647,000 1.700% 10/15/30	—	—	$648K	$541K	0.3%
Bank of Amer Mtn V-Q 550,000 3.824% 01/20/28	—	—	$531K	$539K	0.3%
Goldman Sachs V-D 500,000 6.561% 10/24/34	—	—	$541K	$537K	0.3%
U.S. Treasury Bonds 688,000 3.375% 11/15/48	—	—	$827K	$537K	0.3%
PNC Financial V-D 525,000 5.492% 05/14/30	—	—	$538K	$532K	0.3%
JPMorgan Chase V-D 500,000 6.254% 10/23/34	—	—	$534K	$528K	0.3%
Bank of America V-D 500,000 5.872% 09/15/34	—	—	$517K	$514K	0.3%
FHLMC Pl #SD8341 527,743 5.000% 07/01/53	—	—	$517K	$510K	0.3%
Morgan Stanley 450,000 7.250% 04/01/32	—	—	$500K	$506K	0.3%
JP Morgan CMO V-M 575,882 2.500% 12/25/51	—	—	$556K	$505K	0.3%
Pennsylvania St Hgr 550,000 3.000% 06/15/30	—	—	$496K	$505K	0.3%
Apple Inc	—	—	$53K	$503K	0.3%
Broadcom Inc 500,000 5.150% 11/15/31	—	—	$499K	$503K	0.3%
FHLMC Pl #QG6305 526,836 4.500% 07/01/53	—	—	$508K	$496K	0.3%
General Motors Finl 518,000 1.500% 06/10/26	—	—	$518K	$494K	0.3%
FHLMC Pl #SD2254 547,605 3.500% 07/01/52	—	—	$512K	$487K	0.3%
FNMA Pl #MA4120 582,665 2.500% 09/01/50	—	—	$612K	$479K	0.3%
Hartford Finl Svcs 525,000 2.800% 08/19/29	—	—	$522K	$478K	0.3%
U.S. Treasury Bonds 574,000 3.375% 08/15/42	—	—	$515K	$474K	0.3%
U.S. Treasury Notes 580,000 1.250% 08/15/31	—	—	$576K	$473K	0.3%
U.S. Treasury Notes 495,000 3.625% 09/30/31	—	—	$484K	$470K	0.3%
Costco Wholesale Corp Com	—	—	$83K	$467K	0.3%
JobsOhio Bev Sys OH 475,000 4.433% 01/01/33	—	—	$467K	$467K	0.3%
Wells Fargo & Co Mtn 480,000 4.150% 01/24/29	—	—	$489K	$465K	0.2%
FNMA Pl #MA4732 507,748 4.000% 09/01/52	—	—	$497K	$465K	0.2%
JPMorgan Chase V-Q 475,000 3.540% 05/01/28	—	—	$499K	$462K	0.2%
Alphabet Inc Cl A	—	—	$95K	$454K	0.2%
Microsoft Corp	—	—	$125K	$453K	0.2%
Southwest Airlines 460,000 3.250% 07/01/26	—	—	$451K	$451K	0.2%
New York St Dorm 450,000 5.500% 03/15/30	—	—	$490K	$450K	0.2%
BP Cap Markets Amer 456,000 4.234% 11/06/28	—	—	$470K	$446K	0.2%
ServiceNow Inc	—	—	$225K	$445K	0.2%
Oregon St 429,435 5.892% 06/01/27	—	—	$446K	$440K	0.2%
FFCB 444,000 0.530% 09/29/25	—	—	$399K	$432K	0.2%
Amazon.Com Inc	—	—	$79K	$431K	0.2%
Enbridge Inc 395,000 6.700% 11/15/53	—	—	$405K	$429K	0.2%
Morgan Stan Mtn V-D 517,000 2.239% 07/21/32	—	—	$518K	$428K	0.2%
Nissan Auto Lea Abs 425,000 4.960% 08/15/28	—	—	$425K	$427K	0.2%
Dell Intl LLC/Emc 440,000 4.350% 02/01/30	—	—	$439K	$426K	0.2%
Meta Platforms, Inc-A	—	—	$217K	$413K	0.2%
Toronto Dom Bank Mtn Conv 435,000 1.950% 01/12/27	—	—	$427K	$411K	0.2%
Workday Inc 414,000 3.500% 04/01/27	—	—	$414K	$403K	0.2%
Arista Networks Inc	—	—	$163K	$402K	0.2%
FHLMC Pl #SD8121 507,248 2.000% 01/01/51	—	—	$518K	$398K	0.2%
Wells Fargo & Co V-D 400,000 5.499% 01/23/35	—	—	$412K	$398K	0.2%
FNMA Pl #MA4701 418,086 4.500% 08/01/52	—	—	$405K	$394K	0.2%
FNMA 345,000 6.625% 11/15/30	—	—	$453K	$383K	0.2%
Abbvie Inc 470,000 4.250% 11/21/49	—	—	$575K	$382K	0.2%
FHLMC Pl #SD8016 438,213 3.000% 10/01/49	—	—	$460K	$378K	0.2%
Nextera Energy Cap 380,000 5.250% 03/15/34	—	—	$385K	$376K	0.2%
Enterprise Products 414,000 2.800% 01/31/30	—	—	$413K	$375K	0.2%
Conoco Inc 345,000 6.950% 04/15/29	—	—	$422K	$374K	0.2%
Ford Credit Flo Abs 375,000 4.300% 09/15/29	—	—	$375K	$371K	0.2%
FNMA Pl #MA4656 391,664 4.500% 07/01/52	—	—	$392K	$369K	0.2%
FNMA Pl #MA4600 415,375 3.500% 05/01/52	—	—	$412K	$368K	0.2%
FHLMC Pl #SD8207 412,937 3.500% 04/01/52	—	—	$415K	$366K	0.2%
Visa Inc	—	—	$92K	$359K	0.2%
FHLMC Pl #SD8195 418,929 3.000% 02/01/52	—	—	$430K	$357K	0.2%
Citigroup Comm CMO V-M 350,000 5.820% 06/10/28	—	—	$361K	$356K	0.2%
US Bancorp V-D 350,000 5.678% 01/23/35	—	—	$362K	$353K	0.2%
Citigroup Comm CMO V-M 340,000 6.360% 07/10/28	—	—	$348K	$351K	0.2%
DC Commercial CMO 340,000 6.314% 09/10/28	—	—	$346K	$349K	0.2%
Eaton Corp Plc	—	—	$177K	$348K	0.2%
Rogers Comm Inc 430,000 4.550% 03/15/52	—	—	$303K	$344K	0.2%
FHLMC Pl #SD8090 429,780 2.000% 09/01/50	—	—	$443K	$338K	0.2%
FNMA Pl #MA4512 408,203 2.500% 01/01/52	—	—	$356K	$334K	0.2%
FNMA Pl #MA4357 387,052 3.000% 06/01/51	—	—	$408K	$331K	0.2%
Ford Credit Flo Abs 325,000 5.290% 04/15/29	—	—	$325K	$329K	0.2%
SunTrust Bank 340,000 3.450% 11/16/27	—	—	$348K	$327K	0.2%
Santander Holdings 326,000 4.500% 07/17/25	—	—	$325K	$325K	0.2%
FHLMC Pl #SD8108 377,473 3.000% 11/01/50	—	—	$401K	$325K	0.2%
California St 300,000 6.000% 03/01/33	—	—	$327K	$320K	0.2%
Anheuser Busch Inbev 320,000 4.750% 01/23/29	—	—	$323K	$320K	0.2%
Howmet Aerospace Inc	—	—	$247K	$317K	0.2%
Synopsys Inc Com	—	—	$162K	$315K	0.2%
Florida Pwr & Lt Co 310,000 5.150% 06/15/29	—	—	$309K	$314K	0.2%
Lowe's Cos Inc 325,000 3.650% 04/05/29	—	—	$321K	$309K	0.2%
FNMA Pl #BP6512 337,513 2.500% 07/01/35	—	—	$355K	$308K	0.2%
Goldman Sachs Group Inc Com	—	—	$259K	$301K	0.2%
Intuitive Surgical Inc	—	—	$152K	$300K	0.2%
Eqt Trust CMO V-M 300,000 5.331% 07/05/41	—	—	$300K	$300K	0.2%
Wells Fargo & Co Mtn 300,000 4.100% 06/03/26	—	—	$319K	$297K	0.2%
Gallagher Arthur J. & Co	—	—	$248K	$294K	0.2%
Citigroup Inc 300,000 4.125% 07/25/28	—	—	$321K	$292K	0.2%
Comcast Corp 425,000 3.450% 02/01/50	—	—	$317K	$291K	0.2%
Colorado St Bldg 275,000 6.817% 03/15/28	—	—	$319K	$291K	0.2%
Southern Co 300,000 3.375% 12/01/27	—	—	$314K	$291K	0.2%
UPMC 300,000 1.803% 04/15/26	—	—	$300K	$288K	0.2%
FHLMC Gd Pl #G0877 319,902 3.500% 09/01/47	—	—	$330K	$288K	0.2%
Northrop Grumman 295,000 4.400% 05/01/30	—	—	$335K	$287K	0.2%
FHLMC Pl #SD8202 321,946 3.500% 02/01/52	—	—	$333K	$287K	0.2%
Anthem Inc 315,000 2.875% 09/15/29	—	—	$312K	$287K	0.2%
Sysco Corp 275,000 5.950% 04/01/30	—	—	$326K	$286K	0.2%
Boardwalk Pipelines 280,000 5.950% 06/01/26	—	—	$285K	$283K	0.2%
Alameda Cnty CA 300,000 3.703% 08/01/31	—	—	$284K	$282K	0.2%
Citigroup Inc V-D 290,000 4.542% 09/19/30	—	—	$290K	$282K	0.2%
Eli Lilly & Co	—	—	$104K	$278K	0.1%
Royal Bk Canada Conv 290,000 1.200% 04/27/26	—	—	$289K	$277K	0.1%
Erp Operating LP 285,000 3.250% 08/01/27	—	—	$297K	$274K	0.1%
PayPal Holdings Inc 300,000 2.850% 10/01/29	—	—	$301K	$274K	0.1%
U.S. Treasury Notes 310,000 3.875% 02/15/43	—	—	$300K	$274K	0.1%
Boston Scientific Corp Com	—	—	$160K	$270K	0.1%
Kimco Realty Corp 275,000 3.800% 04/01/27	—	—	$283K	$269K	0.1%
Abbvie Inc 290,000 3.200% 11/21/29	—	—	$289K	$269K	0.1%
Citibank 260,000 8.803% 09/29/28	—	—	$259K	$268K	0.1%
Intuit Inc Com	—	—	$102K	$267K	0.1%
General Motors Co 255,000 6.800% 10/01/27	—	—	$289K	$266K	0.1%
Energy Transfer Part 265,000 4.950% 06/15/28	—	—	$267K	$265K	0.1%
Valero Energy 275,000 4.000% 04/01/29	—	—	$275K	$264K	0.1%
Netflix Inc	—	—	$194K	$258K	0.1%
Ecolab Inc Com	—	—	$249K	$258K	0.1%
Nxpt Comm CMO V-M 270,000 4.455% 11/01/41	—	—	$266K	$258K	0.1%
Capital One Finl V-D 311,000 2.618% 11/02/32	—	—	$293K	$258K	0.1%
CVS Health Corp 310,000 5.050% 03/25/48	—	—	$400K	$256K	0.1%
FHLMC Pl #SD8195 299,235 3.000% 02/01/52	—	—	$301K	$255K	0.1%
New York City NY 250,000 3.080% 02/01/26	—	—	$251K	$247K	0.1%
Chipotle Mexican Grill- Cl A	—	—	$216K	$246K	0.1%
Packaging Corp 255,000 3.400% 12/15/27	—	—	$235K	$246K	0.1%
IBM Corp 245,000 4.500% 02/06/28	—	—	$245K	$244K	0.1%
Baker Hughes Company	—	—	$223K	$241K	0.1%
FNMA Pl #MA4564 279,590 3.000% 03/01/52	—	—	$283K	$238K	0.1%
Cintas Corp Com	—	—	$204K	$233K	0.1%
Lockheed Martin Corp 230,000 4.700% 12/15/31	—	—	$230K	$226K	0.1%
O'Reilly Automotive Inc	—	—	$139K	$225K	0.1%
Salesforce Inc	—	—	$213K	$224K	0.1%
Capital One Finl 230,000 3.800% 01/31/28	—	—	$247K	$222K	0.1%
TJX Companies Com	—	—	$171K	$220K	0.1%
AmeriCredit Aut Abs 225,000 1.010% 10/19/27	—	—	$225K	$220K	0.1%
Morgan Stanley Mtn 220,000 5.000% 11/24/25	—	—	$225K	$220K	0.1%
New Jersey St Econ 200,000 7.398% 02/15/29	—	—	$221K	$220K	0.1%
Home Depot Inc Com	—	—	$76K	$220K	0.1%
FNMA Pl #BM3499 235,883 4.000% 12/01/47	—	—	$258K	$219K	0.1%
Palo Alto Networks	—	—	$211K	$218K	0.1%
FNMA Pl #MA4307 250,226 3.000% 03/01/51	—	—	$265K	$215K	0.1%
Kinder Morgan Inc 215,000 4.300% 03/01/28	—	—	$229K	$211K	0.1%
Altria Group Inc 310,000 3.700% 02/04/51	—	—	$303K	$211K	0.1%
American Muni Pwr OH 200,000 6.849% 02/15/28	—	—	$226K	$210K	0.1%
FNMA Pl #MA4978 216,485 5.000% 04/01/53	—	—	$215K	$209K	0.1%
Dell Technologies Inc Cl C	—	—	$208K	$207K	0.1%
Los Angeles CA 200,000 5.500% 09/01/30	—	—	$209K	$207K	0.1%
Marriott Intl 210,000 4.625% 06/15/30	—	—	$221K	$206K	0.1%
Comcast Corp 210,000 4.150% 10/10/28	—	—	$215K	$205K	0.1%
Sunoco Logistics 206,000 3.900% 07/15/26	—	—	$208K	$203K	0.1%
Shopify Inc Cl A	—	—	$203K	$202K	0.1%
Sherwin Williams Co 250,969 2.500% 03/25/51	—	—	$262K	$201K	0.1%

Showing top 200 of 425 investments by value.